31.12.2014 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 corrected to the level of support 2080 and rebounded from this support level. Increase in the price is limited by the level of 2100. In case of breaking through the level 2080 and consolidation below 2070, we recommend to open short positions with the potential of reduction to 2040, 2000 and 1950. Our medium-term outlook remains negative, but we do not exclude further growth in the medium term.

Nearest resistance levels: 2100, 2150, 2200

Nearest support levels: 2080, 2040, 2025, 2000, 1980, 1950, 1915, 1900, 1886, 1860, 1820

The price of the futures on the German stock index DAX30 continued to decline after was unable to reach the level of 10000. At the moment, quotations broke through the level of 9800 and in case of fixing the price below 9700, we recommend to open short positions with the objectives of 9400, 9190 and 8900. The increase is limited by the levels of 10000-10100. We maintain our medium-term negative outlook and recommend to wait for a confirmation of the signal for opening positions.

Nearest resistance levels: 10000, 10100, 10300

Nearest support levels: 9700, 9600, 9400, 9190, 9000, 8800, 8600, 8200, 8000

The price of the futures on the Japanese stock index Nikkei225 after a strong reduction and reaching the level 17200 started to correct upwards. As part of the correction quotations may reach the level of 17500. We recommend to open short positions with the potential of fall to 16700 and 16000. The increase is limited by the psychologically important level 18000. Our medium-term outlook remains negative.

Nearest resistance levels: 17500, 18000

Nearest support levels: 17200, 17000, 16700, 16400, 16000, 15800, 15450, 15200

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